A federal judge in San Francisco this week let the majority of the claims survive in a proposed securities class action against the organizers of the Tezos initial coin offering.

Although U.S. District Judge Richard Seeborg’s 19-page ruling issued Tuesday was far from the final word on whether the Tezos ICO ran afoul of U.S. securities laws, he let one defendant—Bitcoin Suisse AG, which provided intermediary services from some foreign investors in the ICO—out of the lawsuit altogether.

This content has been archived. It is available through our partners, LexisNexis® and Bloomberg Law.

To view this content, please continue to their sites.

Not a Lexis Subscriber?
Subscribe Now

Not a Bloomberg Law Subscriber?
Subscribe Now

Why am I seeing this?

LexisNexis® and Bloomberg Law are third party online distributors of the broad collection of current and archived versions of ALM's legal news publications. LexisNexis® and Bloomberg Law customers are able to access and use ALM's content, including content from the National Law Journal, The American Lawyer, Legaltech News, The New York Law Journal, and Corporate Counsel, as well as other sources of legal information.

For questions call 1-877-256-2472 or contact us at [email protected]